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Sinclair Ponders Unloading Stations
Sinclair (NASDAQ:SBGI) shares dipped slightly Friday, on word one of the largest owners of broadcast stations in the U.S. is reportedly looking to sell more than 30% of its footprint. The company has hired Moelis as its investment banker and has identified more than 60 stations in various regions of the U.S. that it would be willing to sell, said the people, who asked not to be named because the discussions are private. Sinclair owns or operates 185 TV stations in 86 markets.The stations are a mix of affiliates including Fox, NBC, ABC, CBS and the CW. If sold together, their average revenue for…
Suspect charged for allegedly smashing woman’s windshield with axe on Vancouver Island
A 33-year-old man has been charged with mischief and assault with a weapon after a bizarre incident on Vancouver Island earlier this month.
Man seriously injured in one of three fires in Ottawa overnight
A man in his 40s was seriously injured in one of three fires reported in Ottawa overnight. Shortly before midnight, several 911 callers reported a fire at a building in the 200 block of Bay Street in Somerset district. Upon arrival, firefighters confirmed smoke was showing on a side of a two-storey residential building. Firefighters […]